Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

I thank all of the senators for their courtesy in navigating the arrangements about which order we may speak in. I listened carefully to Senator Pocock's contribution and, in particular, his commitment to seeking more transparency and not less, and I listened to many of his other observations about our questions that need to be balanced in thinking about the financial system in this way.

There is not much between us, in fact, Senator Pocock, in listening to your remarks, because Labor is committed to delivering accountability, transparency and good governance in every part of our financial system. It's why we committed to the recommendations in the Hayne royal commission that expand accountability on banks, super funds and other financial services providers. The Albanese government believes that Australians deserve a dignified retirement supported by a strong superannuation system.

Let's be honest: the super system, $3.4 trillion, is world class. It is the fourth largest in the world, even though our economy is the 13th largest. This is a big Australian success story. Unfortunately, those opposite—